Target date funds (TDFs) transformed the retirement industry in 1993 by offering participants access to professional portfolio management and a low maintenance do-it-for-me solution. Today, they are used as the QDIA in 86% of plan lineups and it is estimated that 88% of new contributions to plans will flow to TDFs by the year 2019. Countless fund companies have since introduced a TDF product and saturated the market. Navigating the complex and diverse world of TDFs has never been more challenging. Let’s explore guidance from the Department of Labor and review recent developments within this critical asset class.
This seminar has been approved for 1.5 SHRM credits and 2.5 HRCI credits.